[November 09, 2017] |
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Alteryx Announces Third Quarter 2017 Financial Results
Alteryx, Inc. (NYSE: AYX), a leading provider of an end-to-end analytics
platform for the enterprise, today announced financial results for its
third quarter ended September 30, 2017.
"This was another strong quarter for Alteryx, highlighted by 52%
year-over-year revenue growth and dollar-based net revenue retention
rates that were again above 130% for the fourth consecutive quarter,"
said Dean Stoecker, CEO of Alteryx, Inc.
Stoecker continued, "Our third quarter results further demonstrate the
power of our end-to-end analytics platform through both the addition of
a meaningful number of new customers as well as our strong dollar-based
net revenue retention rate. The evolution of our platform, driven by
ongoing innovation, the launch of Alteryx Connect, and the announcement
of Alteryx Promote, are designed to serve not only the millions of
analysts and statisticians around the world, but also the rise of chief
data officers and analytic leaders who are driving digital
transformation across the enterprise. We believe our opportunity is
large and growing, we continue to increase our differentiation, and we
are positioned for long term success."
Third Quarter 2017 Financial Highlights
-
Revenue: Revenue for the third quarter was $34.2
million, an increase of 52% year-over-year.
-
Gross Profit: GAAP gross profit for the third quarter was $28.7
million, or a GAAP gross margin of 84%, an increase compared to GAAP
gross profit of $18.4 million, or a GAAP gross margin of 82%, in the
third quarter of 2016. Non-GAAP gross profit for the third quarter was
$29.3 million, or a non-GAAP gross margin of 86%, an increase compared
to non-GAAP gross profit of $18.4 million, or a non-GAAP gross margin
of 82%, in the third quarter of 2016.
-
Income (Loss) from Operations: GAAP loss from operations for
the third quarter was $(2.6) million, compared to a loss from
operations of $(3.9) million for the third quarter of 2016. Non-GAAP
income from operations for the third quarter was $0.9 million, an
improvement compared to non-GAAP loss from operations of $(2.9)
million for the third quarter of 2016.
-
Net Income (Loss) Attributable to Common Stockholders: GAAP
net loss attributable to common stockholders for the third quarter was
$(3.3) million, an improvement compared to a GAAP net loss
attributable to common stockholders of $(5.9) million for the third
quarter of 2016. GAAP net loss per share attributable to common
stockholders for the third quarter was $(0.06), based on 58.9 million
weighted-average basic and diluted shares outstanding, compared to a
GAAP net loss per share attributable to common stockholders of
$(0.18), based on 32.5 million weighted-average basic and diluted
shares outstanding, for the third quarter of 2016.
Non-GAAP
net income for the third quarter was $1.2 million, an improvement
compared to a non-GAAP net loss of $(3.3) million for the third
quarter of 2016. Non-GAAP net income per diluted share for the third
quarter was $0.02, based on 62.3 million non-GAAP weighted-average
diluted shares outstanding, compared to a non-GAAP net loss per share
of $(0.07), based on 47.2 million non-GAAP weighted-average diluted
shares outstanding, for the third quarter of 2016.
-
Balance Sheet and Cash Flow: As of September 30, 2017, Alteryx
had cash, cash equivalents, and short- and long-term investments of
$182.6 million, compared with $182.7 million as of June 30, 2017. Cash
provided by operating activities for the third quarter of 2017 was
$0.7 million compared to $(5.2) million used in operating activities
in the same period last year. For the first nine months of 2017, cash
provided by operating activities was $6.4 million, compared to $(9.1)
million used in operating activities for the same period last year.
A reconciliation of GAAP to non-GAAP financial measures is provided in
the tables included in this press release. An explanation of these
measures is also included below under the heading "Non-GAAP Financial
Measures."
Third Quarter and Recent Business Highlights
-
Ended the third quarter of 2017 with 3,054 customers, a 49% increase
from the third quarter of 2016. Added 231 net new customers in the
third quarter of 2017.
-
Achieved a dollar-based net revenue retention rate of 133% for the
third quarter of 2017.
-
Announced Alteryx Promote, a component of the Alteryx platform that
empowers both data scientists and citizen data scientists to deploy
predictive models directly into business systems through an API and
then manage model performance over time. Alteryx Promote is the result
of the Alteryx's acquisition of Yhat, an end-to-end data science
platform for developing, deploying, and managing real-time decision
APIs.
-
Made Alteryx Connect generally available as an add-on to Alteryx
Server. Alteryx Connect is a data exploration platform that empowers
users to discover and collaborate on data assets, visualizations,
reports, and workflows typically siloed across large enterprises.
-
Announced a partnership with Plotly, the preferred data visualization
platform for modern data science, to enhance inline "visualytics"
within the Alteryx platform. As modern organizations seek to
distribute analytics capabilities across a variety of business users,
there has been a significant shift towards self-service platforms -
and now - for more intuitive visual representations (or inline
visualytics) of data as it moves through the analytics pipeline. With
this integration, line-of-business analysts can work in a more agile
environment that supports sophisticated analytics techniques.
-
Named the Gold winner in the first-ever Gartner Peer Insights Customer
Choice Awards for Business Intelligence and Analytics. The Customer
Choice Awards are a rating of vendors by verified end-user
professionals, taking into account several criteria. Alteryx received
Gold Status as many users across a range of industries praised Alteryx
as an intuitive end-to-end analytics platform that drives significant
time savings and business results, and opens doors for more advanced
analytics.
Financial Outlook
As of November 9, 2017, guidance for the fourth quarter 2017 and full
year 2017 is as follows:
-
Fourth Quarter 2017 Guidance:
-
Revenue is expected to be in the range of $35.5 million to $36.0
million.
-
Non-GAAP loss from operations is expected to be in the range of
$(1.0) million to $(2.0) million.
-
Non-GAAP net loss per share is expected to be in the range of
$(0.02) to $(0.03) based on approximately 60.0 million non-GAAP
weighted-average basic and diluted shares outstanding.
-
Full Year 2017 Guidance:
-
Revenue is now expected to be in the range of $128.5 million to
$129.0 million.
-
Non-GAAP loss from operations is now expected to be in the range
of $(9.2) million to $(10.2) million.
-
Non-GAAP net loss per share is now expected to be in the range of
$(0.15) to $(0.17) based on approximately 56.4 million non-GAAP
weighted-average basic and diluted shares outstanding.
The financial outlook above for non-GAAP loss from operations and
non-GAAP net loss per share exclude estimates for stock-based
compensation expense, acquisition related adjustments, follow-on public
offering costs, impairment of long-lived assets, and the accretion of
Series A redeemable convertible preferred stock. A reconciliation of the
non-GAAP financial guidance measures to corresponding GAAP measures is
not available on a forward-looking basis primarily as a result of the
uncertainty regarding, and the potential variability of, stock-based
compensation expense and amortization of intangible assets. In
particular, stock-based compensation expense is impacted by our future
hiring and retention needs, as well as the future fair market value of
our Class A common stock, all of which is not within our control, is
difficult to predict, and is subject to constant change. The actual
amount of these expenses during 2017 will have a significant impact on
our future GAAP financial results. Accordingly, a reconciliation of the
non-GAAP financial guidance measures to the corresponding GAAP measures
is not available without unreasonable effort.
Quarterly Conference Call
Alteryx will host a conference call today at 5:00 p.m. Eastern Time to
discuss the Company's financial results. To access this call, dial
877-407-9716 (domestic) or 201-493-6779 (international). A live webcast
of this conference call will be available on the "Investors" page of the
Company's website at www.alteryx.com.
Following the conference call, a telephone replay will be available
through November 16, 2017, at 844-512-2921 (domestic) or 412-317-6671
(international). The replay passcode is 13672160. An archived webcast of
this conference call will also be available in the "Investors" section
of the Company's website.
Non-GAAP Financial Measures
To supplement our condensed consolidated financial statements, which are
prepared and presented in accordance with GAAP, we use the following
non-GAAP financial measures: non-GAAP gross profit, non-GAAP gross
margin, non-GAAP income (loss) from operations, non-GAAP net income
(loss), non-GAAP net income (loss) per share, and non-GAAP
weighted-average diluted shares outstanding. The presentation of these
financial measures is not intended to be considered in isolation or as a
substitute for, or superior to, financial information prepared and
presented in accordance with GAAP.
We use non-GAAP measures to internally evaluate and analyze financial
results. We believe these non-GAAP financial measures provide investors
with useful supplemental information about the financial performance of
our business, enable comparison of financial results between periods
where certain items may vary independent of business performance, and
enable comparison of our financial results with other public companies,
many of which present similar non-GAAP financial measures. We exclude
the following items from one or more of our non-GAAP financial measures:
Stock-based compensation expense. We exclude stock-based
compensation expense, which is a non-cash expense, from certain of our
non-GAAP financial measures because we believe that excluding this item
provides meaningful supplemental information regarding operational
performance. In particular, companies calculate stock-based compensation
expense using a variety of valuation methodologies and subjective
assumptions.
Acquisition related adjustments. We exclude amortization of
intangible assets, changes in fair value of contingent consideration,
and related income tax adjustments, which are non-cash, related to
business combinations from certain of our non-GAAP financial measures.
We exclude such expenses as they are related to a business combination
and have no direct correlation to the operation of our business.
Accretion of Series A redeemable convertible preferred stock. We
exclude accretion relating to our Series A redeemable convertible
preferred stock from non-GAAP net loss per share because this is a
non-cash item that will not recur in the periods following our initial
public offering.
Follow-on public offering costs. We exclude the costs relating to
our follow-on public offering in September 2017 from certain of our
non-GAAP financial measures because the costs do not have a direct
correlation to the operation of our business.
Impairment of long-lived assets. We exclude the impairment of
long-lived assets from certain of our non-GAAP financial measures,
because the expenses are non-cash and do not have a direct correlation
to the operation of our business.
In addition, we adjust non-GAAP weighted-average diluted shares
outstanding to include the conversion of the redeemable convertible
preferred stock into shares of common stock as though the conversion had
occurred at the beginning of each of the respective periods. In periods
of non-GAAP net income, we adjust non-GAAP weighted-average diluted
shares outstanding to include the effect of dilutive shares.
Investors are cautioned that there are material limitations associated
with the use of non-GAAP financial measures as an analytical tool. In
particular, we exclude stock-based compensation expense and amortization
of intangible assets which are recurring and will be reflected in our
financial results for the foreseeable future. The non-GAAP measures we
use may be different from non-GAAP financial measures used by other
companies, limiting their usefulness for comparison purposes. We
compensate for these limitations by providing specific information
regarding the GAAP items excluded from these non-GAAP financial measures.
Safe Harbor Statement
This press release contains forward-looking statements that involve
risks and uncertainties, including statements regarding our outlook for
the fourth quarter 2017 and full year 2017, our market opportunity, our
ability to execute the Company's long-term growth strategy, and other
future events. These forward-looking statements are only predictions and
may differ materially from actual results due to a variety of factors
including, but not limited to: our limited operating history under our
current business model; our ability to manage our growth effectively;
the rate of growth in the market for analytics products and services;
our ability to attract new customers and expand sales to existing
customers; our ability to develop and release product and service
enhancements and new products and services to respond to rapid
technological change in a timely and cost-effective manner; intense and
increasing competition in our market; our ability to develop, maintain,
and enhance our brand and reputation cost-effectively; our ability to
expand our sales force and the effectiveness of our sales force; our
ability to establish and maintain successful relationships with our
channel partners; risks associated with our international operations;
litigation, and related costs; security breaches; and other general
market, political, economic, and business conditions.
Additional risks and uncertainties that could affect our financial
results are included under the caption "Risk Factors" in our Quarterly
Report on Form 10-Q for the three months ended June 30, 2017, which is
available on the Investor Relations page of our website at www.alteryx.com and
on the SEC website at www.sec.gov.
Additional information will also be set forth in our Quarterly Report on
Form 10-Q for the three months ended September 30, 2017. All
forward-looking statements contained herein are based on information
available to us as of the date hereof and we do not assume any
obligation to update these statements as a result of new information or
future events.
About Alteryx, Inc.
Alteryx (NYSE: AYX) is a leading provider of an end-to-end analytics
platform for the enterprise. The Alteryx platform provides analysts with
the unique ability to easily prep, blend and analyze all of their data
using a repeatable workflow, then deploy and share analytics at scale
for deeper insights in hours, not weeks. Analysts love the Alteryx
platform because they can connect to and cleanse data from data
warehouses, cloud applications, spreadsheets and other sources, easily
join this data together, then perform analytics - predictive,
statistical and spatial - using the same intuitive user interface,
without writing any code. Visit www.alteryx.com
or call 1-888-836-4274.
Alteryx is a registered trademark of Alteryx, Inc. All other product and
brand names may be trademarks or registered trademarks of their
respective owners.
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Alteryx, Inc.
|
Condensed Consolidated Statements of Operations and Comprehensive
Loss
|
(in thousands, except per share data)
|
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
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Three Months Ended
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Nine Months Ended
|
|
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September 30,
|
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September 30,
|
|
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2017
|
|
2016
|
|
2017
|
|
2016
|
|
|
|
|
|
|
|
|
|
Revenue
|
|
$
|
34,155
|
|
|
$
|
22,462
|
|
|
$
|
93,019
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|
|
$
|
60,828
|
|
Cost of revenue
|
|
|
5,425
|
|
|
|
4,062
|
|
|
|
15,545
|
|
|
|
11,727
|
|
Gross profit
|
|
|
28,730
|
|
|
|
18,400
|
|
|
|
77,474
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|
|
|
49,101
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|
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|
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Operating expenses:
|
|
|
|
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|
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Research and development
|
|
|
7,774
|
|
|
|
4,496
|
|
|
|
20,943
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|
|
|
12,419
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|
Sales and marketing
|
|
|
15,514
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|
|
|
13,456
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|
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48,731
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|
|
|
42,530
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General and administrative
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|
|
8,005
|
|
|
|
4,298
|
|
|
|
24,115
|
|
|
|
11,623
|
|
Total operating expenses
|
|
|
31,293
|
|
|
|
22,250
|
|
|
|
93,789
|
|
|
|
66,572
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|
Loss from operations
|
|
|
(2,563
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)
|
|
|
(3,850
|
)
|
|
|
(16,315
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)
|
|
|
(17,471
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)
|
Other expense, net
|
|
|
(711
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)
|
|
|
(284
|
)
|
|
|
(277
|
)
|
|
|
(562
|
)
|
Loss before provision for (benefit of) income taxes
|
|
|
(3,274
|
)
|
|
|
(4,134
|
)
|
|
|
(16,592
|
)
|
|
|
(18,033
|
)
|
Provisions for (benefit of) income taxes
|
|
|
25
|
|
|
|
58
|
|
|
|
(632
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)
|
|
|
148
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|
Net loss
|
|
$
|
(3,299
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)
|
|
$
|
(4,192
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)
|
|
$
|
(15,960
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)
|
|
$
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(18,181
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)
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|
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|
|
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Less: Accretion of Series A redeemable convertible preferred stock
|
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-
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(1,733
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)
|
|
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(1,983
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)
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|
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(4,466
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)
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Net loss attributable to common stockholders
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|
$
|
(3,299
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)
|
|
$
|
(5,925
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)
|
|
$
|
(17,943
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)
|
|
$
|
(22,647
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)
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|
|
|
|
|
|
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|
|
Net loss per share attributable to common stockholders, basic and
diluted
|
|
$
|
(0.06
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)
|
|
$
|
(0.18
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)
|
|
$
|
(0.35
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)
|
|
$
|
(0.70
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)
|
Weighted-average shares used to compute net loss per share
attributable to common stockholders, basic and diluted
|
|
|
58,942
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|
|
|
32,538
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50,864
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|
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32,390
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|
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|
|
|
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Other comprehensive income (loss), net of tax:
|
|
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|
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Net unrealized holding gain (loss) on investments, net of tax
|
|
|
(15
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)
|
|
|
(9
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)
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|
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(101
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)
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|
|
75
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Foreign currency translation adjustments, net of tax
|
|
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(40
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)
|
|
|
-
|
|
|
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(148
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)
|
|
|
-
|
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Other comprehensive income (loss), net of tax
|
|
|
(55
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)
|
|
|
(9
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)
|
|
|
(249
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)
|
|
|
75
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|
Total comprehensive loss
|
|
$
|
(3,354
|
)
|
|
$
|
(4,201
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)
|
|
$
|
(16,209
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)
|
|
$
|
(18,106
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)
|
|
|
|
|
|
|
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|
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|
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|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
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Alteryx, Inc.
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Stock-Based Compensation Expense
|
(in thousands)
|
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
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|
|
Three Months Ended
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Nine Months Ended
|
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|
|
|
|
|
|
|
|
|
|
September 30,
|
|
|
|
September 30,
|
|
|
|
|
|
|
|
|
|
|
|
2017
|
|
|
|
2016
|
|
|
|
2017
|
|
|
|
2016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenue
|
|
|
|
|
|
|
|
|
|
|
$
|
|
|
123
|
|
|
|
$
|
|
|
24
|
|
|
|
$
|
|
|
368
|
|
|
|
$
|
|
|
72
|
Research and development
|
|
|
|
|
|
|
|
|
|
|
|
|
|
458
|
|
|
|
|
|
|
99
|
|
|
|
|
|
|
1,157
|
|
|
|
|
|
|
243
|
Sales and marketing
|
|
|
|
|
|
|
|
|
|
|
|
|
|
459
|
|
|
|
|
|
|
308
|
|
|
|
|
|
|
1,642
|
|
|
|
|
|
|
942
|
General and administrative
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,239
|
|
|
|
|
|
|
475
|
|
|
|
|
|
|
3,342
|
|
|
|
|
|
|
1,077
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Total
|
|
|
|
|
|
|
|
|
|
|
$
|
|
|
2,279
|
|
|
|
$
|
|
|
906
|
|
|
|
$
|
|
|
6,509
|
|
|
|
$
|
|
|
2,334
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Alteryx, Inc.
|
Condensed Consolidated Balance Sheets
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(in thousands, except par value)
|
(unaudited)
|
|
|
|
|
|
|
|
September 30,
|
|
December 31,
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|
|
2017
|
|
2016
|
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Assets
|
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Current assets:
|
|
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Cash and cash equivalents
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$
|
95,776
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|
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$
|
31,306
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Short-term investments
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|
|
60,812
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|
|
|
21,394
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Accounts receivable, net
|
|
|
30,820
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|
|
|
35,367
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|
Deferred commissions
|
|
|
6,700
|
|
|
|
7,358
|
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Prepaid expenses and other current assets
|
|
|
6,211
|
|
|
|
5,013
|
|
Total current assets
|
|
|
200,319
|
|
|
|
100,438
|
|
|
|
|
|
|
Property and equipment, net
|
|
|
6,913
|
|
|
|
6,212
|
|
Long-term investments
|
|
|
25,989
|
|
|
|
-
|
|
Goodwill
|
|
|
8,741
|
|
|
|
-
|
|
Intangible assets, net
|
|
|
8,456
|
|
|
|
-
|
|
Other assets
|
|
|
3,928
|
|
|
|
4,765
|
|
Total assets
|
|
$
|
254,346
|
|
|
$
|
111,415
|
|
|
|
|
|
|
Liabilities, Redeemable Convertible Preferred Stock, and
Stockholders' Equity (Deficit)
|
|
|
|
|
Current liabilities:
|
|
|
|
|
Accounts payable
|
|
$
|
4,014
|
|
|
$
|
1,780
|
|
Accrued payroll and payroll related liabilities
|
|
|
6,108
|
|
|
|
7,760
|
|
Accrued expenses and other current liabilities
|
|
|
8,063
|
|
|
|
4,987
|
|
Deferred revenue
|
|
|
78,656
|
|
|
|
71,050
|
|
Total current liabilities
|
|
|
96,841
|
|
|
|
85,577
|
|
Deferred revenue
|
|
|
3,522
|
|
|
|
3,084
|
|
Other liabilities
|
|
|
2,531
|
|
|
|
1,182
|
|
Total liabilities
|
|
|
102,894
|
|
|
|
89,843
|
|
|
|
|
|
|
Commitments and contingencies
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Redeemable convertible preferred stock, $0.0001 par value: no
shares and 14,899 shares authorized as of September 30, 2017 and
December 31, 2016, respectively; no shares and 14,647 shares
issued and outstanding as of September 30, 2017 and December 31,
2016, respectively; aggregate liquidation preference of $0 and
$87,448 as of September 30, 2017 and December 31, 2016,
respectively
|
|
|
-
|
|
|
|
99,182
|
|
|
|
|
|
|
Stockholders' equity (deficit):
|
|
|
|
|
Preferred stock, $0.0001 par value, 10,000 and no shares
authorized as of September 30, 2017 and December 31, 2016,
respectively; no shares issued and outstanding as of September 30,
2017 and December 31, 2016
|
|
|
-
|
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
Common stock, $0.0001 par value: 1,000,000 and 56,025 shares
authorized as of September 30, 2017 and December 31, 2016,
respectively; 59,142 and 32,674 shares issued and outstanding as
of September 30, 2017 and December 31, 2016, respectively
|
|
|
5
|
|
|
|
3
|
|
|
|
|
|
|
|
|
|
|
Additional paid-in capital
|
|
|
253,712
|
|
|
|
8,443
|
|
Accumulated deficit
|
|
|
(102,007
|
)
|
|
|
(86,047
|
)
|
Accumulated other comprehensive loss
|
|
|
(258
|
)
|
|
|
(9
|
)
|
Total stockholders' equity (deficit)
|
|
|
151,452
|
|
|
|
(77,610
|
)
|
Total liabilities, redeemable convertible preferred stock, and
stockholders' equity (deficit)
|
|
$
|
254,346
|
|
|
$
|
111,415
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Alteryx, Inc.
|
Condensed Consolidated Statements of Cash Flows
|
(in thousands)
|
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30,
|
|
Nine Months Ended September 30,
|
|
|
2017
|
|
2016
|
|
2017
|
|
2016
|
|
|
|
|
|
|
|
|
|
Cash flows from operating activities:
|
|
|
|
|
|
|
|
|
Net loss
|
|
$
|
(3,299
|
)
|
|
$
|
(4,192
|
)
|
|
$
|
(15,960
|
)
|
|
$
|
(18,181
|
)
|
Adjustments to reconcile net loss to net cash provided by (used
in) operating activities:
|
|
|
|
|
|
|
|
|
Depreciation and amortization
|
|
|
1,231
|
|
|
|
493
|
|
|
|
2,670
|
|
|
|
1,182
|
|
Stock-based compensation
|
|
|
2,279
|
|
|
|
906
|
|
|
|
6,454
|
|
|
|
2,334
|
|
Provision for doubtful accounts and sales reserve, net of
recoveries
|
|
|
(14
|
)
|
|
|
(36
|
)
|
|
|
770
|
|
|
|
(36
|
)
|
Deferred income taxes
|
|
|
(90
|
)
|
|
|
-
|
|
|
|
(1,138
|
)
|
|
|
-
|
|
Impairment of long-lived assets
|
|
|
1,050
|
|
|
|
-
|
|
|
|
1,050
|
|
|
|
-
|
|
Change in fair value of contingent consideration
|
|
|
32
|
|
|
|
-
|
|
|
|
190
|
|
|
|
-
|
|
Loss on disposal of assets
|
|
|
-
|
|
|
|
(20
|
)
|
|
|
32
|
|
|
|
56
|
|
Changes in operating assets and liabilities, net of effect of
business acquisitions:
|
|
|
|
|
|
|
-
|
|
|
|
-
|
|
Accounts receivable
|
|
|
(3,766
|
)
|
|
|
(8,082
|
)
|
|
|
3,892
|
|
|
|
(3,342
|
)
|
Deferred commissions
|
|
|
(270
|
)
|
|
|
(335
|
)
|
|
|
827
|
|
|
|
249
|
|
Prepaid expenses and other current assets and other assets
|
|
|
(1,300
|
)
|
|
|
(1,302
|
)
|
|
|
(2,229
|
)
|
|
|
(1,209
|
)
|
Accounts payable
|
|
|
(241
|
)
|
|
|
1,579
|
|
|
|
1,720
|
|
|
|
2,646
|
|
Accrued payroll and payroll related liabilities
|
|
|
(933
|
)
|
|
|
129
|
|
|
|
(1,667
|
)
|
|
|
(2,357
|
)
|
Accrued expenses and other current liabilities
|
|
|
481
|
|
|
|
(429
|
)
|
|
|
1,470
|
|
|
|
(241
|
)
|
Deferred revenue
|
|
|
5,508
|
|
|
|
4,564
|
|
|
|
8,071
|
|
|
|
8,430
|
|
Other liabilities
|
|
|
80
|
|
|
|
1,553
|
|
|
|
288
|
|
|
|
1,343
|
|
Net cash provided by (used in) operating activities
|
|
|
748
|
|
|
|
(5,172
|
)
|
|
|
6,440
|
|
|
|
(9,126
|
)
|
|
|
|
|
|
|
|
|
|
Cash flows from investing activities:
|
|
|
|
|
|
|
|
|
Purchases of property and equipment
|
|
|
(1,094
|
)
|
|
|
(1,136
|
)
|
|
|
(2,303
|
)
|
|
|
(3,454
|
)
|
Cash paid in business acquisitions, net of cash acquired
|
|
|
-
|
|
|
|
-
|
|
|
|
(9,097
|
)
|
|
|
-
|
|
Purchases of investments
|
|
|
(11,498
|
)
|
|
|
-
|
|
|
|
(87,551
|
)
|
|
|
(5,706
|
)
|
Maturities of investments
|
|
|
8,791
|
|
|
|
3,273
|
|
|
|
21,768
|
|
|
|
11,382
|
|
Net cash provided by (used in) investing activities
|
|
|
(3,801
|
)
|
|
|
2,137
|
|
|
|
(77,183
|
)
|
|
|
2,222
|
|
|
|
|
|
|
|
|
|
|
Cash flows from financing activities:
|
|
|
|
|
|
|
|
|
Proceeds from initial public offering, net of underwriting
commissions and discounts
|
|
|
-
|
|
|
|
-
|
|
|
|
134,757
|
|
|
|
-
|
|
Payment of initial public offering costs
|
|
|
(1,070
|
)
|
|
|
(68
|
)
|
|
|
(1,867
|
)
|
|
|
(68
|
)
|
Payment of Series C convertible preferred stock issuance costs
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
(350
|
)
|
Repurchase of common stock, net of costs paid
|
|
|
-
|
|
|
|
(6
|
)
|
|
|
-
|
|
|
|
(256
|
)
|
Principal payments on capital lease obligations
|
|
|
(83
|
)
|
|
|
(55
|
)
|
|
|
(247
|
)
|
|
|
(165
|
)
|
Proceeds from exercise of stock options
|
|
|
1,556
|
|
|
|
96
|
|
|
|
2,562
|
|
|
|
270
|
|
Net cash provided by (used in) financing activities
|
|
|
403
|
|
|
|
(33
|
)
|
|
|
135,205
|
|
|
|
(569
|
)
|
|
|
|
|
|
|
|
|
|
Effect of exchange rate changes on cash
|
|
|
11
|
|
|
|
-
|
|
|
|
8
|
|
|
|
-
|
|
Net increase (decrease) in cash and cash equivalents
|
|
|
(2,639
|
)
|
|
|
(3,068
|
)
|
|
|
64,470
|
|
|
|
(7,473
|
)
|
Cash and cash equivalents-beginning of period
|
|
|
98,415
|
|
|
|
20,374
|
|
|
|
31,306
|
|
|
|
24,779
|
|
Cash and cash equivalents-end of period
|
|
$
|
95,776
|
|
|
$
|
17,306
|
|
|
$
|
95,776
|
|
|
$
|
17,306
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental disclosure of noncash investing and financing
activities:
|
|
|
|
|
|
|
|
|
Property and equipment recorded in accounts payable
|
|
$
|
26
|
|
|
$
|
108
|
|
|
$
|
26
|
|
|
$
|
108
|
|
|
|
|
|
|
|
|
|
|
Consideration for business acquisition initially included in
accrued expenses and other current liabilities and other
liabilities
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
1,660
|
|
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
Consideration for business acquisition from issuance of common
stock
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
5,285
|
|
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
Contingent consideration settled through issuance of common stock
|
|
$
|
375
|
|
|
$
|
-
|
|
|
$
|
375
|
|
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
Accretion of Series A redeemable convertible preferred stock
|
|
$
|
-
|
|
|
$
|
1,733
|
|
|
$
|
1,983
|
|
|
$
|
4,466
|
|
|
|
|
|
|
|
|
|
|
Deferred initial public offering costs recorded in accounts payable
and accrued expenses
|
|
$
|
529
|
|
|
$
|
329
|
|
|
$
|
529
|
|
|
$
|
329
|
|
|
|
|
|
|
|
|
|
|
Property and equipment funded by capital lease borrowing
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
987
|
|
|
|
|
|
|
|
|
|
|
Conversion of Series A redeemable convertible preferred stock to
common shares
|
|
$
|
-
|
|
|
$
|
-
|
|
|
$
|
101,165
|
|
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Alteryx, Inc.
|
Reconciliation of GAAP Measures to Non-GAAP Measures
|
(in thousands, except percentages and per share amounts)
|
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30,
|
|
Nine Months Ended September 30,
|
|
|
2017
|
|
2016
|
|
2017
|
|
2016
|
Reconciliation of non-GAAP gross profit:
|
|
|
|
|
|
|
|
|
GAAP gross profit
|
|
$
|
28,730
|
|
|
$
|
18,400
|
|
|
$
|
77,474
|
|
|
$
|
49,101
|
|
|
|
|
|
|
|
|
|
|
GAAP gross margin
|
|
|
84
|
%
|
|
|
82
|
%
|
|
|
83
|
%
|
|
|
81
|
%
|
|
|
|
|
|
|
|
|
|
Add back:
|
|
|
|
|
|
|
|
|
Stock-based compensation expense
|
|
|
123
|
|
|
|
24
|
|
|
|
368
|
|
|
|
72
|
|
Amortization of intangible assets
|
|
|
456
|
|
|
|
-
|
|
|
|
757
|
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP gross profit
|
|
$
|
29,309
|
|
|
$
|
18,424
|
|
|
$
|
78,599
|
|
|
$
|
49,173
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP gross margin
|
|
|
86
|
%
|
|
|
82
|
%
|
|
|
84
|
%
|
|
|
81
|
%
|
|
|
|
|
|
|
|
|
|
Reconciliation of non-GAAP income (loss) from operations:
|
|
|
|
|
|
|
|
|
GAAP loss from operations
|
|
$
|
(2,563
|
)
|
|
$
|
(3,850
|
)
|
|
$
|
(16,315
|
)
|
|
$
|
(17,471
|
)
|
|
|
|
|
|
|
|
|
|
GAAP operating margin
|
|
|
-8
|
%
|
|
|
-17
|
%
|
|
|
-18
|
%
|
|
|
-29
|
%
|
|
|
|
|
|
|
|
|
|
Add back:
|
|
|
|
|
|
|
|
|
Stock-based compensation expense
|
|
|
2,279
|
|
|
|
906
|
|
|
|
6,509
|
|
|
|
2,334
|
|
Amortization of intangible assets
|
|
|
461
|
|
|
|
-
|
|
|
|
764
|
|
|
|
-
|
|
Contingent consideration expense
|
|
|
32
|
|
|
|
-
|
|
|
|
190
|
|
|
|
-
|
|
Follow-on public offering costs
|
|
|
676
|
|
|
|
-
|
|
|
|
676
|
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP Income (loss) from operations
|
|
$
|
885
|
|
|
$
|
(2,944
|
)
|
|
$
|
(8,176
|
)
|
|
$
|
(15,137
|
)
|
|
|
|
|
|
|
|
|
|
Non-GAAP operating margin
|
|
|
3
|
%
|
|
|
-13
|
%
|
|
|
-9
|
%
|
|
|
-25
|
%
|
|
|
|
|
|
|
|
|
|
Reconciliation of non-GAAP net income (loss):
|
|
|
|
|
|
|
|
|
GAAP net loss attributable to common stockholders
|
|
$
|
(3,299
|
)
|
|
$
|
(5,925
|
)
|
|
$
|
(17,943
|
)
|
|
$
|
(22,647
|
)
|
Add back:
|
|
|
|
|
|
|
|
|
Stock-based compensation expense
|
|
|
2,279
|
|
|
|
906
|
|
|
|
6,509
|
|
|
|
2,334
|
|
Amortization of intangible assets
|
|
|
461
|
|
|
|
-
|
|
|
|
764
|
|
|
|
-
|
|
Accretion of Series A redeemable convertible preferred stock
|
|
|
-
|
|
|
|
1,733
|
|
|
|
1,983
|
|
|
|
4,466
|
|
Contingent consideration expense
|
|
|
32
|
|
|
|
-
|
|
|
|
190
|
|
|
|
-
|
|
Follow-on public offering costs
|
|
|
676
|
|
|
|
-
|
|
|
|
676
|
|
|
|
-
|
|
Impairment of long-lived assets
|
|
|
1,050
|
|
|
|
-
|
|
|
|
1,050
|
|
|
|
-
|
|
Income tax adjustments
|
|
|
-
|
|
|
|
-
|
|
|
|
(998
|
)
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP net income (loss)
|
|
$
|
1,199
|
|
|
$
|
(3,286
|
)
|
|
$
|
(7,769
|
)
|
|
$
|
(15,847
|
)
|
|
|
|
|
|
|
|
|
|
Non-GAAP diluted income (loss) per share:
|
|
|
|
|
|
|
|
|
Non-GAAP net income (loss)
|
|
$
|
1,199
|
|
|
$
|
(3,286
|
)
|
|
$
|
(7,769
|
)
|
|
$
|
(15,847
|
)
|
|
|
|
|
|
|
|
|
|
Non-GAAP weighted-average shares used to compute net income (loss)
per share attributable to common stockholders, diluted
|
|
|
62,348
|
|
|
|
47,185
|
|
|
|
55,263
|
|
|
|
47,037
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP net income (loss) per share, diluted
|
|
$
|
0.02
|
|
|
$
|
(0.07
|
)
|
|
$
|
(0.14
|
)
|
|
$
|
(0.34
|
)
|
|
|
|
|
|
|
|
|
|
Reconciliation of non-GAAP diluted net income (loss) per share
|
|
|
|
|
|
|
|
|
GAAP net loss per share attributable to common stockholders, diluted
|
|
$
|
(0.06
|
)
|
|
$
|
(0.18
|
)
|
|
$
|
(0.35
|
)
|
|
$
|
(0.70
|
)
|
|
|
|
|
|
|
|
|
|
Add back:
|
|
|
|
|
|
|
|
|
Non-GAAP adjustments to net loss per share
|
|
|
0.08
|
|
|
|
0.11
|
|
|
|
0.21
|
|
|
|
0.36
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP net income (loss) per share, diluted
|
|
$
|
0.02
|
|
|
$
|
(0.07
|
)
|
|
$
|
(0.14
|
)
|
|
$
|
(0.34
|
)
|
|
|
|
|
|
|
|
|
|
Reconciliation of non-GAAP diluted weighted-average shares
outstanding
|
|
|
|
|
|
|
|
|
GAAP weighted-average shares used to compute net loss per share
attributable to common stockholders, diluted
|
|
|
58,942
|
|
|
|
32,538
|
|
|
|
50,864
|
|
|
|
32,390
|
|
|
|
|
|
|
|
|
|
|
Add back:
|
|
|
|
|
|
|
|
|
Conversion of redeemable convertible preferred stock into common
stock
|
|
|
-
|
|
|
|
14,647
|
|
|
|
4,399
|
|
|
|
14,647
|
|
Effect of potentially dilutive shares
|
|
|
3,406
|
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP weighted-average shares used to compute non-GAAP net
income (loss) per share, diluted
|
|
|
62,348
|
|
|
|
47,185
|
|
|
|
55,263
|
|
|
|
47,037
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
View source version on businesswire.com: http://www.businesswire.com/news/home/20171109006615/en/
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